Limited Brands Keeps Dividend Steady at $0.30

Clothing and consumer products retailer Limited Brands announced yesterday its second-quarter dividend of $0.30 per share, the same rate it paid last quarter after raising the payout 20%, from $0.25 per share.

The board of directors said the quarterly dividend is payable on June 21 to the holders of record at the close of business on June 7. The payout marks the 154th consecutive quarterly dividend paid.

The regular dividend payment equates to a $1.20-per-share annual dividend, yielding 2.4% based on the closing price of Limited Brands' stock on May 24.